VeracityM

Another rant incoming
TL:DR - Cryptos are an imperfect technology with poor governance being promoted as the finished article with deified leaders
I wouldn't mind crypto if it was untraceable digital cash with a fixed exchange rate to gold and silver. That sort of crypto is coming. It already exists in Texas apart from the privacy aspect. Some folks have said that's where the BRICS will end up and credible analysts and financial historians are suggesting it will happen in the west too instead of or as well as CBDCs
What I find distasteful is crypto being used as a Ponzi scheme to enrich those issuing, mining and facilitating crypto trades, while the folks that actually use it as currency or buy in at the ATHs get skinned alive. When it comes to crypto, almost every person I've ever talked to owns it with a view to getting rich. They expect to become wealthy via unproductive work or zero work. Nobody sees a problem with this as long as it's them who are being unfairly enriched. Take the far-left of the political spectrum, who are the majority users of crypto. Listen to them cry about ICE vehicles, about cows belching, about everything you could imagine except for ....... BITCOIN. When it comes to their pockets it's fine to use proof-of-work and it's great that BTC has a carbon footprint bigger than Argentina.
Examine the largest companies like Google and BlackRock who support and facilitate crypto and far-left ideologies, they are nuts for ESG. When it comes to remote working suddenly their true motivations become plain - they don't care about ESG, get your ass into your ICE vehicle and drive it to this office so our commercial real estate retains its value and we make more money. Make twice as much carbon as you did previously just get your ass into the office!! They are total hypocrites, paper tigers
Ultimately the USD is the world's reserve currency because it's backed by the US military and security services, along with global agreements (Bretton Woods, etc). An asset can't be a global currency without a global army, at least it's never happened before in human history except for the truly independent gold and silver (which get hoarded by the most powerful armies). Maybe this time will be different? That's what Celsius told us, 3AC, FTX, Terra Luna, Voyager and Binance. It's different this time
Nope, nothing has changed, we've even greedier than before. We're growing our Dark Tetrad - Machiavellianism, Narcissism, Psychopathy and Sadism. These traits show up in every business and every individual to some extent but with crypto and social media it's more prominent than anywhere else, with some seeing them as positive virtues. Think about it. Machiavellianism is deception, misdirection, coercion. Yep that's crypto/social media. Narcissism - our blockchain is the best, our tokens are the best, I'm the hottest sign up for my OF. Social media is narcissism in its purest form. Psychopathy? The BTC devs don't care if ETH crashes or vice-versa, they don't care if exchanges collapse or people lose billions, they only care if (insert token here) outperforms the market. Sadism? Oh some people will actively delight in the suffering of others and their ability to control and manipulate assets prices or people
I would argue 1) The USD is backed by the military, technology, US population and allied nations;
2) That crypto as it currently exists is backed by the dark tetrad - Machiavellianism, narcissism, psychopathy and sadism
The more people buy into the dark tetrad and promote these traits as being positive character traits or positive business traits, the better crypto will do. A society that descends into lawlessness and depravity is well-suited to adopt crypto. A society that's stable and productive would prefer gold-backed crypto or gold-backed currency that is not speculative and is practically useable as a currency. As already discussed, too many of us will choose to put our own self-interest above all, and many more of us will follow along like sheep to the narcissists on social media and in the crypto sphere
There is zero reason to buy BTC or the majority of cryptos other than to speculate and enrich ourselves with future price action while doing zero productive work. To realise those crypto gains you're going to have to cash out to fiat which ultimately unmasks the hypocrisy of crypto evangelists. The idea is to tell you that fiat currencies are collapsing, that central authorities are wicked beyond measure. They have the viable alternative, their fiat crypto is great and their central authorities/corporate governance is beyond reproach. The truth is the actions of central authorities in crypto are orders of magnitude more incompetent and more corrupt than those in fiat, and their ultimate goal is to cash out to fiat, not run a global crypto ecosystem which is neither viable nor desirable. A global crypto like BTC being used for all transactions would be a global CBDC, unleashing untold misery upon billions. Great if you own the BTC though so who cares? That is the long and short of it.
Cryptos, fiat, digital assets, digital currencies, these are controlled by central authorities. Gold and silver also obey a central authority but this central authority is incorruptible - it's the universe itself - and this is why gold and silver are "God's Money"

OMG - The one with the cross is fab! - I keep coming back to this to laugh 🤣😂😘
That is a brilliant retort Steffana - and deserves a lot more recognition 😎

OMG - The one with the cross is fab! - I keep coming back to this to laugh 🤣😂😘
That is a brilliant retort Steffana - and deserves a lot more recognition 😎

OMG - The one with the cross is fab! - I keep coming back to this to laugh 🤣😂😘
That is a brilliant retort Steffana - and deserves a lot more recognition 😎

No crypto-bashing here, I've got friends heating up the house with miners.
 

I only buy and stack at the moment but I would definitely use crypto where possible.
These institutions have far too much power. We need to take some back.
free trade between people should be a right.
We are all in danger. Manufactured diseases, Constant forever wars, news outlets constantly spreading fear and lies.
Crime families and gangs in charge of most governments of the worlds.
The devolving human race.
rant over thanks for listening 😂
 

That why we need to collectively start to accept it between each other and (as long as the transaction isn't on the big platforms - i.e: hardware wallets), the govt can go **** itself. It will then become just like money, only better, because it is not controlled by the government.
My twopen'orth 

That why we need to collectively start to accept it between each other and (as long as the transaction isn't on the big platforms - i.e: hardware wallets), the govt can go **** itself. It will then become just like money, only better, because it is not controlled by the government.
My twopen'orth 

What is the weight?

**Edit .... Oopsie - just seen "couple of KG's" 😅
 

Tagging the Flatware King of Luxemborg @stefffana

Hello TSF, I've got this lot of sterling silver, couple KGs, but I am selling these real cheap below spot to go. The reson these are below spot is because these are really worn/scrap quality 92.5% silver pre 1920 coins, so they are priced under spot to sell.
I've added more coins in better quality to make up more weight in the lot.
Ideal for weight stacking silver for cheap or refining for cheap.
Price per gram of fine silver £0.60/g. Let me know either how much £ you have to buy or how many grams of fine silver you want.
Postage on top regardless of quantity.
Crypto (+1% processing fee), Bank Transfer, Cash accepted.
This is the best price I can do for this lot. Pictures indiciate quality of items. Since these are worn/scrap, flat etc, as per the pictures, I'll be picking a random mix based on weight not on quality.

You grumpy, is because I bought the Giant Spoon? 😬

images - 2023-11-06T213514.585.mp4

Thank you everyone. Closing this now 🙏learned a lot today.
 
I've learned I know nothing
 

 

Looks like silver from Romania. Did you buy them from Stefan?

Put them back in the drawer and stop mooching 🤣🤣

@VeracityM bullets

That why we need to collectively start to accept it between each other and (as long as the transaction isn't on the big platforms - i.e: hardware wallets), the govt can go **** itself. It will then become just like money, only better, because it is not controlled by the government.
My twopen'orth 

100%. Not your keys, not your coins. The fees are also too high (I was looking at about 3%)

Indeed. One thing I learnt is that exchanges will make you jump through a bunch of hoops if you try to cash out crypto that you didn't originally buy on their platform

I agree in principle but as some already know, I've been into crypto since the beginning and I've been very anti-crypto for the past several years. It's hard to make an argument that BTC isn't controlled by central authorities when the concentration of wealth is 100 times greater than in fiat currency, with ETH it's 300-400 times more concentrated. BTC was created by the government as a trojan horse to acclimatise the masses to digital currencies in preparation for CBDCs
Crypto isn't money or even currency, it's a digital asset/security or as the acolytes like to call it, "digital gold", a phrase that makes my blood boil. BTC and many other cryptos by their nature are deflationary. That means it will never be in your interests to use it as a currency to buy anything except essentials as there's an expectation that BTC will be worth more next week/month/year than it is today. The classic example is the guy who spent over 100,000 BTC buying Papa John's pizzas. Bit of a mistake there spending ~$3.5 billion on pizza 😂. You get the point though, if you believe in BTC you should hoard your BTC and never spend it unless forced to
Doing something like swapping cash for crypto or vice-versa is risky - it's running an unlicensed money exchange. It was for this reason the crypto ATMs in the UK were shut down (the FCA declared all of them were operating illegally). If we look at the wider crypto ecosystem we can see this is where the feds direct their energy. There are folks who, how to put it, were using private marketplaces to conduct private transactions, many of which were frowned upon by authorities. The main dudes were rarely busted for those activities but what they got nailed for was cashing out or cashing out others without declaring it to the authorities and paying relevant taxes (operating unlicensed money exchanges)
IMHO there has only ever been one true money and there will only ever be one true money - gold and silver. We can't use those to buy petrol or groceries so the next best thing is cash. It's only cash, precious metals/commodity barter and privacy coins that are untraceable, with privacy coins having a shelf-life. BTC and ETH are not privacy coins. Not only is every transaction permanently recorded on a public ledger, but blockchain analysis allows folks like HMRC to not only see who is in present custody of the BTC but also who they got that BTC from, and who the previous person got it from, etc, etc. This enables central authorities to tax everyone accordingly with no transactions going under the radar - i.e. a CBDC

Thats a very fair point! Generally why i keep off platforms. You also have mew wallet where you can cash out too, athough it comes at a large fee.

That why we need to collectively start to accept it between each other and (as long as the transaction isn't on the big platforms - i.e: hardware wallets), the govt can go **** itself. It will then become just like money, only better, because it is not controlled by the government.
My twopen'orth 

That why we need to collectively start to accept it between each other and (as long as the transaction isn't on the big platforms - i.e: hardware wallets), the govt can go **** itself. It will then become just like money, only better, because it is not controlled by the government.
My twopen'orth 

There is a trial membership for £1, just click the orange banner at the top of the screen
I sell PM's for crypto at current market prices for only 6.5% (extra) on top of my prices if paid in crypto, certain items have a smaller fee. At this point in time I'm not selling any tubes of brits but I have other items for sale in case you want to invest. The forum has the odd occasional buyer/seller using crypto so you might find a deal in case you're not interested in what I got. Good luck!